Jiangsu Shagang Co., Ltd. (SHE:002075)

Jiangsu Shagang Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	12,599	13,297	14,223	16,108	17,367	13,378
Other Revenue	984.96	1,119	1,394	2,065	1,120	1,049
Revenue	13,584	14,416	15,617	18,173	18,487	14,427
Revenue Growth (YoY)	-12.66%	-7.69%	-14.07%	-1.70%	28.14%	7.07%
Cost of Revenue	12,799	13,756	14,635	16,630	15,194	12,548
Gross Profit	785.37	660.01	981.43	1,543	3,293	1,879
Selling, General & Admin	276.09	267.43	270.39	266.65	299.87	221.35
Research & Development	518.48	533.45	528.37	562.13	545.94	165.36
Other Operating Expenses	-75.28	-55.72	20.18	61.01	72.24	71.18
Operating Expenses	723.55	751.25	820.52	891.43	916.42	447.24
Operating Income	61.81	-91.24	160.91	651.7	2,377	1,431
Interest Expense	-158.29	-114.83	-100.01	-47.52	-40.98	-25.64
Interest & Investment Income	458	444.08	318.39	210.71	224.25	208.52
Currency Exchange Gain (Loss)	2.86	8.6	3.18	0.92	-0.72	-2.74
Other Non Operating Income (Expenses)	-7.2	-4.49	-6.33	-5.96	-2.84	-1.84
EBT Excluding Unusual Items	357.17	242.11	376.14	809.85	2,557	1,610
Gain (Loss) on Sale of Investments	-7.05	-43.32	44.78	-16.1	37.72	-8.55
Gain (Loss) on Sale of Assets	1.44	1.4	-0.12	-	-	-
Asset Writedown	-7.02	-8.94	-119.99	-5.87	-1.51	-47.43
Legal Settlements	-0.25	-0.29	-0.88	-1.1	-1.28	-0.62
Other Unusual Items	63.19	44.71	75.76	89.6	52.98	27.59
Pretax Income	407.48	235.66	375.69	876.38	2,645	1,581
Income Tax Expense	65.61	53.88	57.2	74.53	533.08	367.36
Earnings From Continuing Operations	341.86	181.78	318.49	801.85	2,112	1,213
Minority Interest in Earnings	-127.75	-19.2	-93.46	-348.75	-999.25	-563.91
Net Income	214.11	162.58	225.03	453.1	1,112	649.52
Net Income to Common	214.11	162.58	225.03	453.1	1,112	649.52
Net Income Growth	1.44%	-27.75%	-50.34%	-59.27%	71.25%	22.81%
Shares Outstanding (Basic)	2,322	2,323	2,250	2,158	2,181	2,165
Shares Outstanding (Diluted)	2,322	2,323	2,250	2,158	2,181	2,165
Shares Change (YoY)	3.16%	3.22%	4.29%	-1.07%	0.74%	-1.75%
EPS (Basic)	0.09	0.07	0.10	0.21	0.51	0.30
EPS (Diluted)	0.09	0.07	0.10	0.21	0.51	0.30
EPS Growth	-1.67%	-30.00%	-52.38%	-58.82%	70.00%	25.00%
Free Cash Flow	1,108	-49.72	-868.19	219.87	2,141	1,477
Free Cash Flow Per Share	0.48	-0.02	-0.39	0.10	0.98	0.68
Dividend Per Share	0.050	0.050	0.050	0.050	0.080	0.100
Dividend Growth	-33.33%	-	-	-37.50%	-20.00%	-0.20%
Gross Margin	5.78%	4.58%	6.28%	8.49%	17.82%	13.02%
Operating Margin	0.46%	-0.63%	1.03%	3.59%	12.86%	9.92%
Profit Margin	1.58%	1.13%	1.44%	2.49%	6.02%	4.50%
Free Cash Flow Margin	8.15%	-0.34%	-5.56%	1.21%	11.58%	10.24%
EBITDA	834.57	589.38	732.82	1,130	2,829	1,857
EBITDA Margin	6.14%	4.09%	4.69%	6.22%	15.30%	12.87%
D&A For EBITDA	772.76	680.62	571.9	478.56	452.25	425.17
EBIT	61.81	-91.24	160.91	651.7	2,377	1,431
EBIT Margin	0.46%	-0.63%	1.03%	3.59%	12.86%	9.92%
Effective Tax Rate	16.10%	22.86%	15.23%	8.50%	20.16%	23.24%
Revenue as Reported	13,584	14,416	15,617	18,173	18,487	14,427

Source: S&P Global Market Intelligence. Standard template. Financial Sources.